Latest Peloton Layoff Update

August 2025

• Peloton is reportedly planning to eliminate approximately 6% of its workforce as part of a “cost restructuring plan.”

In Canada, non-unionized employees at Peloton are entitled to significant compensation — up to 24 months’ pay — when fired or let go. This includes salary, bonuses, commissions, and benefits.

A wrongful dismissal occurs if Peloton terminates you without cause — or incorrectly “for cause” — and doesn’t provide the correct amount of severance pay.

Laid off at Peloton? 5 Key Steps

1. Don’t sign anything on the spot: Carefully review all documents, including your severance offer. Deadlines from employers aren’t legally binding.
2. Keep relevant documentation: Save any termination letters, severance offers, and employer communications.
3. Use the Severance Pay Calculator: This tool will help you determine whether you’re being offered the correct amount of compensation.
4. Contact an employment lawyer: The experienced team at Samfiru Tumarkin LLP will ensure you receive the severance pay you’re legally entitled to — not a dollar less.
5. Start searching for comparable employment: This helps mitigate income loss and shows good faith in your claim.

Peloton Layoffs: Key Dates & Insights

Date	Layoff Summary	Source
August 2025	Peloton is reportedly planning to scale back its staffing levels by around 6%.	Details
May 2024	Peloton is cutting approximately 15% of its workforce as part of a restructuring.	Details

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